Laboratory Freezers Global Market Research Report By Application, By Type, By Region, Shares, Trends And Forecast 2022-2031
According to The Business Research Company's laboratory freezer market report, The global laboratory freezer market reached a value of nearly $3,664.2 million in 2020, having increased at a compound annual growth rate (CAGR) of 6.9% since 2015. The market is expected to grow from $3,664.2 billion in 2020 to $5,914.8 million in 2025 at a rate of 10.1 %. The growth is mainly due to the increasing demand for blood & blood components which is expected to drive the demand for laboratory freezer. The laboratory freezer market is expected to grow from $5,914.8 billion in 2025 to $7,511.8 million in 2030 at a CAGR of 4.9%.
Rise in demand for blood and blood components is expected to drive market growth for laboratory freezers in the forecast period, for the longer storage duration of blood. After the vaccination has been rolled out, people are slowly returning to hospitals for surgeries, which require blood. In March 2021, Maharashtra, state of India, cited that they currently have a stock of 43,000 units and records a demand of 3,000 units of blood per day. The state collected 1.94 lakh (2.6 million) blood units in December 2020, the number fell to 1.53 lakh in January 2021 and 1.18 lakh in February 2021, a 39% drop in two months. Mumbai only has 4,827 blood units left. This increasing demand for blood and blood components increased the usage of laboratory freezers, thus driving the market growth.
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The laboratory freezer market is segmented -
• By Temperature: -20?C to -40°C, -40?C to -80?C, Less than -80?C
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the laboratory freezer market.
Major competitors in the laboratory freezer market include Thermo Fisher Scientific, Inc., VWR International, LLC., PHC Corporation, Eppendorf AG, Haier Biomedical
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The laboratory freezer market consists of revenues generated by the companies that are engaged in selling and manufacturing of laboratory freezer products and related services which are used to store blood samples, medicines and injections, and others for a long period of time.
The Table Of Content For The Laboratory freezer Market Include:
1. Laboratory freezer Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
21. Laboratory freezer Market Opportunities And Strategies
22. Laboratory freezer Market, Conclusions And Recommendations
The Business Research Company's "Global Laboratory freezer Opportunities And Strategies Market Report - Forecast To 2030" is the most comprehensive report available in market, providing data and statistics from over 60 geographies analyzed in more than 2500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. Additionally, it evaluates the market's historic and projected growth and identifies significant trends and strategies that can be used to outperform the competitors in the sector.
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